President/CEO Rudi Fronk commented, “This drilling has opened up the Kerr deposit down dip with better than expected grades. The results strongly suggest that we can add further higher-grade copper mineralization in future programs. Meanwhile, the holes drilled this year have likely upgraded inferred and unclassified material within the planned pit and should therefore contribute to reserve expansion in the new KSM preliminary feasibility study planned for release in April 2012.”